NVMe SSD and mobile storage prices are at an all-time low due to NAND memory oversupplies, and, even though this greatly benefits end users, chip makers are concerned about a possible market crash. In order to avoid such complications, Intel, Micron, SK Hynix, and possibly even Samsung are looking to reduce legacy node production and overall wafer output.
https://www.notebookcheck.net/NAND-memory-oversupply-prompts-chip-makers-to-significantly-cut-production.419761.0.html
For the moment it'll prop up prices but Chinese manufacturers are ramping up production, either already or very soon.